On November 18, the weekly K-line of Bitcoin showed a long upper shadow line, which needs to be treated with caution. At the four-hour level, Bitcoin is experiencing sideways fluctuations, showing a convergent triangle trend.

It is expected that Bitcoin will still have the opportunity to break through and rise this week. The key lies in whether it can break through the upper trend line. Once it breaks through, it may refresh the historical high.

However, if it fails to break through successfully, the price may pull back to around 85,000, forming a week of oscillation and pullback. In this case, the trend of Bitcoin may turn into a sideways oscillation box, but the bottom of the box is still supported.

The more ideal situation is that Bitcoin can fluctuate sideways at a high level near 90,000, which will make it easier to break through the historical high and let the bulls have the upper hand.

Therefore, I am more looking forward to the price being sideways at a high level to accumulate strength for the rise!